EVENING. Business.

Profits improve: Kemper Corp. Thursday posted...

April 28, 1994

Profits improve: Kemper Corp. Thursday posted better-than-expected earnings for the first quarter, reflecting higher profits in its insurance and securities businesses. Separately, General Electric's finance unit reiterated its offer to buy Kemper for $55 a share, or $2.1 billion, and said it still is willing to consider boosting its bid once it examines the company's real estate portfolio. Long Grove-based insurer Kemper said earnings from continuing operations totaled $56.6 million, or $1.43 a share, compared with a loss from continuing operations of $5 million, or 14 cents, a year earlier.